Asset Acquisitions and Disposals::AIRCRAFT PURCHASE AND BOND ISSUANCE

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAPUS$100M7.5%N200527A - US05351QAA40 - 29YB
AVATIONCAPUS$100M7.5%N200527R - USL5647NAA20 - 29ZB
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
02-Jun-2017 11:46:09
Status
New
Announcement Sub Title
AIRCRAFT PURCHASE AND BOND ISSUANCE
Announcement Reference
SG170602OTHRRHDE
Submitted By (Co./ Ind. Name)
AVATION PLC / Duncan Scott
Designation
General Counsel
Effective Date and Time of the event
02/06/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, advises that it has priced and issued a USD20,000,000 tranche of its 7.5% senior notes due 2020 which is a tap of and to be consolidated into and form a single series with the existing USD100,000,000 7.5% senior notes due 2020 which were issued in 2015. The tranche proceeds are designated primarily for the purchase of a new ATR72-600 aircraft in June 2017. The Company expects that this aircraft will enter service under an operating lease with a new airline customer in July 2017. The issuance was made under Avations existing USD500,000,000 Global Medium Term Notes programme.

Attachments

avap_rns_dbs tap tranche may17.pdf
Total size =52K